Thornton Industrial Space For
For Sale
Contact for pricing
401 E 124th Ave, Thornton, CO
Industrial space available for lease in Thornton, Colorado.
Property Size48,848 SF
Lot Size2.82 Acres
Price / SF$214.95
Days on Market661
Property Features for 401 E 124th Ave
General Information
Standard status
Active
Size
48,848 SF
Lot size
2.82 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 401 E 124th Ave Contact us- Floor
- Bldg
- Size
- 48,848 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
401 E 124th Ave
- Available Space: 20,000 - 48,848 SF
- Site Size: 2.87 Acres
- Price: $10,250,000
-...
show more
Contact us
Listing Agency:
JLL | Denver
(303) 217-7956
Listed By:
Patrick McGettigan · License #FA.100065159
(303) 217-7956
Source:
Moodyscre
Added: Nov 7, 2024
Changed: Aug 8
Last Checked: Aug 29 at 1:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL | Denver
Investment Insights
Based on property information with market context.
Available for lease is an industrial space offering between 20,000 and 48,848 square feet on a 2.87-acre site. The property features a 24' clear height, 11 dock-high doors equipped with levelers, and one oversized drive-in door measuring 12' x 14'. It is equipped with heavy power, offering 3 phase/1000 amps. Updates completed in 2019 include new paint and carpet in the office area, along with a new roof and a concrete overlay in the parking lot. The lease rate is $9.95 per square foot, NNN.
Key Highlights
- Substantial available space: 20,000 - 48,848 SF
- 11 dock high doors with levelers
- Heavy power (3 phase/1000 amps)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$469,441
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,388,820
$9.4M
Cap Rate 7%
$6,706,300
$6.7M
Cap Rate 9%
$5,216,011
$5.2M
Market Conditions
NOI Build-Up for 48,848 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$600.8K $12.30/SF
− Vacancy
−$48.5K −$0.99/SF
EGI
$552.3K $11.31/SF
− OpEx
−$82.8K −$1.70/SF
NOI
$469.4K $9.61/SF
Area
Thornton, CO
Vacancy
8.08%
Lease Rate
$12.30 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,388,820
Cap Rate 7%
$6,706,300
Cap Rate 9%
$5,216,011
Alternative Uses
Best Use
Warehouse
$6.71M
$5.87M – $7.82M
NOI $469,441 @ 7.0% cap · market cap 4.47%
Second Best
Industrial
$5.52M
$4.83M – $6.44M
NOI $386,598 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$14.63M
$12.80M – $17.07M
NOI $1,024,167 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Self Storage — 12000 Washington St, Thornton, CO 80241
- Thornton Storage - A Colorado Storage Facility — 12251 Washington St, Thornton, CO 80241
- STOR-N-LOCK Self Storage — 12298 Pennsylvania St, Thornton, CO 80241
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial space available for lease in Thornton, Colorado.
Where is this warehouse located?
The property is located at 401 E 124th Ave Thornton, CO.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Substantial available space: 20,000 - 48,848 SF; 11 dock high doors with levelers; Heavy power (3 phase/1000 amps)
